Americans for Free Trade (AFT) spokesperson Jonathan Gold released the following statement on the heels of reports that the Biden administration is set to begin a review of the first set of Section 301 tariffs on more than $300 billion on imports from China imposed by the Trump administration in 2018.
“American importers have paid close to $130 billion in tariffs since President Trump first initiated his trade war with China four years ago. As the Biden administration begins its review of these tariffs, it is absolutely essential that the review process is fully transparent, involves stakeholder input – including stakeholders who pay the tariffs, and includes a full economic assessment of the tariffs’ impact from the Office of the U.S. Trade Representative. Moreover, this review should not just be limited to the first list of tariffs that were implemented, but should extend to all four lists. Tariffs are taxes on American families, consumers, and businesses. Tariffs add costs and create uncertainty for already strained supply chains, and are particularly harmful as record inflation increases the costs of the everyday goods Americans need most.”